X @Nick Szabo
Nick Szabo·2026-01-31 02:48

RT Nick Szabo (@NickSzabo4)It's hard to tell that Bitcoin protects against debasement from just its price, since most of the price rise since the pizza purchase has been due to the learning curve, not to debasement (fiat has fallen, but not by nearly as much as Bitcoin has risen!). To understand why Bitcoin has and very likely will protect in the long-term against debasement, better than gold has and will, requires deep understanding of the underlying respective technologies that are gold and Bitcoin, espec ...